You’re looking at this from the wrong end imo.

That Elon, or any single person, has this much sway over the market should be cause for concern about the market itself, in terms of how much it is driven by sentiment vs fundamentals.

As wrong or flippant as he might be, he has every right to express whatever opinion he wants. All these events tell me is that there is a lot of money in the markets that is skittish, chasing short term profits.

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Even my developing teen kids with inherent age related mood swings have more stability and empathy than Elon ..

I don’t buy it

I did buy some more btc though .

Are you serious? Do you not remember Trumps tweets? Or Elon's when he was talking about going private? Elon has had the very same influence on things he's tweeted about. Market may be skittish, but it's even more reason to not make stupid remarks on social media.

It's been a brutal few days.

I’m New to this and then still on the sidelines watching. I find it ironic that dogecoin seems to be holding up better than most other crypto at this point since this correction started a few days ago.

Didn’t Musk get rapped by the SEC the last time he made a market moving statement about Tesla? (the whole “I’m taking Tesla private for $420” thing)? And, well, who was going to stop Trump doing and saying what he wanted? It took Facebook and Twitter 3 1/2 years to silence him.

This is an opportunity to accumulate... BTC will come back even stronger. I hope it dips down to $20k.

If we only would know what the bottom of this dip is Any predictions?

Although I want to I can't keep adding $ to get more unfortunately

$10? Just kidding,

Last I read, there is a lot of support around the $42,300 mark if I remember the number correctly. I'm down about 20% over the last 3 days. Ugh.

In the stock market there’s regulation on market influencing , crypto .. not really. So silence from Elon is not in the cards I think

I hate being regulated , but for crypto it would help . The real Revolutionists will always be surrounded by the casino players who leverage the crap out of it . I’m still new to this . But it’s by no means a simple game , lots to take into account to protect yourself .

Last week I bought ada at 1.62us. So even though its gone down the last two days, its currently at 2.03us. So I'm not really seeing this as a dip for Ada just yet. Also, even if I'm not buying, as long as I'm holding my Ada, I'm earning daily through staking. So for now I'm just comfortably watching things, and earning a small bit of Ada as I go.

Yeah, I'm still way up on all my crypto save for the ETH I bought this weekend thinking it wouldn't go any lower. I'll probably do another ETH and BTC buy this week if it continues to drop, I'll buy more ADA if drops down to the $1.80 range.

I mentioned it on a prior page, but I truly think if there will be crypto regulation coming to USA it will be in reaction to dumb-ass whales like Elon running their mouth to try and impress Grimes' cool friends.

Really hoping this isn't January 2018

https://insights.glassnode.com/the-week-on-chain-week-20-2021/

They do great analysis at onchain.
Between that and miners not selling I’m sticking with my spread.

this was a great read, thanks for sharing!

Any one have thoughts on Chainlink/Link?

Part of what's wrong is that you're apparently comparing your core CPU temp to their memory temps (hopefully junction temps.....if they're at 98C on the surface or edge of the package, that is horrific...). If your memory junction temps are 65 C.....you ain't running GDDR6X, unless it's under a water block.

GDDR6X mems are regularly in this 90-110C range while mining on 3080 and 3090's. It's not good. The max rated junction temp is 95c according to spec. It's likely going to lead to long term degradation of the memory, but people are still doing it anyways. You have to undervolt and underclock the memory (i.e. the most critical part of hashing speed on a GPU...) to get the temps down. Yeah, you drop from like 95-105 MH/sec to probably 80-ish, but you're not destroying your card in the process. Your call.

I love it and I think I was nominated as the resident LINK fanboy. I think it's because I bought some at around $0.42 and then sold a portion at $49.22.

Anyway, it's a great project that fills a real need. Chainlink provides a decentralized oracle to serve as blockchain middleware. Current smart contracts can't communicate with external resources (e.g. something off chain). In order to do that, the smart contract creator either needs to do a pile of additional development or they need an intermediary. That's where Chainlink comes in. It provides oracle data that can be queried by anyone writing a smart contract. They no longer need to know how to interface with off chain data. All they have to do is query a Chainlink oracle to get their off chain data.

Think of it this way. Let's say you were writing an app similar to the Uber app. Instead of creating a payment gateway, you just call the Visa / Mastercard API for payment details. Instead of having to map the planet, you just call on the Google Maps API for map data and on and on.

That's what LINK does. It fills that gap so smart contract programmers only have to worry about their contract and nothing off chain.

The nice part is that there are tons of nodes that are rated based on SLA (uptime), Latency (response time) and Correctness (deviation of data from their piers). Nodes with invalid / molested / altered data are dumped from the network. That keeps someone from attacking a single node in an attempt to attack a smart contract, which is something that has happened with centralized oracles.

I only have 7 LINK coins that I bought in the $25-$30 range... a friend is big on it and has 25K invested. It seems to have a lot of promise.

It has moved up a lot in the last month, in your opinion what would be a good entry point to jump in for a small position?

Are you guys buying ETH at these levels, another pinsider clued me in how high the blockchain fees are .....so what's the prediction or outlook for it?

Should I just focus on Bitcoin instead?

ETH seems a good buy at these prices. The future modifications into ETH2.0 (same crypto ID) are going to be a noteworthy shift, coming later this year. Apparently the changes address the energy consumption issues, plus the whole use-feasibilities issue.

I would get some of both. Both have stood the test of time and both appear to have potential upside in the future. Arguably the safest bets you can make in crypto.

I think LINK will be good in the next year or two. Its a solid coin in my opinion. I have some in my purse just waiting for it to take off.

Very stupid question, regarding all the ERC-20 token stuff that runs on ETH chain..

Do all these things, like SHIB and whatnot, just use a standard ETH address? As in you could technically have ETH and any number of ERC-20 altcoins tied to a single address (if you were so inclined and not particularly security minded lol). Obviously, if they're all running on ETH addresses, ideally you'd want a separate address for each coin for security reasons. I've been poking around looking at some of this stuff but still not very familiar with all the details of the ETH systems....aside from the ridiculous transaction fees.

Good info on buying the Crypto dips:

I accidentally posted this in the stocks thread earlier today, but meant to post it here.
Not to always bring up ADA, but for anyone who has some, I thought this would be a good article to share.
I'm excited for smart contracts to be here soon, but I'm even more excited for the arrival of the erc-20 converter that is coming with them.
https://iohk.io/en/blog/posts/2021/05/17/bringing-erc20-to-cardano/

“If one of your favorite shitcoins is crashing because it turned out to be a scam, no amount of technical analysis is going to help you buy the dip because it’s just going to keep dipping”.

That might just be the funniest shit I’ve heard all week.

Litecoin is already back up to $300, which is a kind of normal price for it. Some of the other main cryptos are heading right back to their usual territory. So far, it's looking like it was another dip in the wild world of crypto....Bitcoin might lag for awhile, but it was also the main target of the bad press.

Alts are starting to bounce.

Matic and AAVE crushing

I really need to buy more Matic. I just started research Aave today, sounds like an important coin to own.

Definitely! Still waiting on my cash out of stock to get couple of K more too.

Just my luck. I had a little extra to throw in over the weekend and it was between AAVE and COMP. Wanna guess which one I picked?

Sorry, but I steer clear of giving opinions about entry and exit points. I'm probably the worst person to ask about it and I don't want to be the reason someone loses money. With that said, I was really considering buying over the weekend even though I cashed out 25% of my LINK holdings.

My understanding is that any ERC-20 coin can be sent to an ETH address. However, I would definitely test that with the absolute minimum number of tokens when you actually make a transfer. But I've transferred a good bit of ERC-20 tokens to an ETH address in the past and never had an issue.

One thing to note is that when you want to send them out of the ETH address, you need ETH in the account to pay for gas. You can't send all your ETH to the exchange to sell and then send ERC-20 tokens from that address and pay the transaction fees again. You'd have to send ETH back to the address to pay to send the ERC-20 tokens. Ask me how I know that......

Exchanges typically let you pay for gas with a small amount of the token your sending so it typically doesn't apply in that case.

Yeah....going to have to look for the cheap gas times..I'm usually up more or less in the middle of the night anyways, so it shouldn't be too hard to find.

Are you transferring to a hardware wallet or a software wallet?

just saw this on the Fox Business if you guys want a good laugh

https://30rates.com/btc-to-usd-forecast-today-dollar-to-bitcoin

hmm...

Good to know . I’m unloading and buying back June 9th.. if only it were that easy to predict .

just Hodl on tight bud !

How accurate is that site been in it's past predictions? Just a quick glance, it has BTC still under 30 days from now but ETH hitting all time highs, and generally those two coins follow a pretty similar path. It also has Doge at double what it's at now in 30 days.

This article is like biff’s sports almanak in bttf ..

If that kind of future information is spot on.. I wouldn’t even share it

Well, like 8 or 10 weeks later, Binance US finally verified me for direct deposits from my bank. Yay, that will cut out the fee from moving crypto from Coinbase to Binance.

Matic is going parabolic. Bought 900 bucks of it on May 12.

Pleasant surprise to see Polygon trending up today.

Nice! I bought 80 coins on May 14, sure wish I bought more. Up 47%!